Detailed Single Year Tables

Description of Proposed Provision:
C1.6: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA by 1 month every 2 years until the NRA reaches 69. Also increase the age up to which the delayed retirement credit may be earned at the same rate (from 70 to 72). No change to earliest eligibility age.

Financial Estimates for the OASDI Trust Fund Program

Proposal

Change from Current Law

Expressed as a percentage of current-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofcurrent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2017

13.41

13.03

-0.38

298

0.00

0.00

0.00

2018

13.49

12.93

-0.56

287

0.00

0.00

0.00

2019

13.70

12.95

-0.75

273

0.00

0.00

0.00

2020

13.85

12.96

-0.89

259

0.00

0.00

0.00

2021

14.02

12.99

-1.03

245

0.00

0.00

0.00

2022

14.26

13.02

-1.23

230

0.00

0.00

0.00

2023

14.54

13.05

-1.49

215

-0.00

-0.00

0.00

2024

14.82

13.08

-1.73

199

-0.01

-0.00

0.01

2025

15.09

13.10

-1.98

183

-0.01

-0.00

0.01

2026

15.35

13.13

-2.22

166

-0.02

-0.00

0.02

2027

15.59

13.15

-2.44

148

-0.02

-0.00

0.02

2028

15.82

13.17

-2.66

131

-0.03

-0.00

0.03

2029

16.03

13.18

-2.85

113

-0.03

-0.00

0.03

2030

16.23

13.19

-3.03

95

-0.04

-0.00

0.04

2031

16.39

13.21

-3.18

77

-0.06

-0.00

0.06

2032

16.53

13.22

-3.31

58

-0.08

-0.00

0.07

2033

16.65

13.22

-3.42

39

-0.09

-0.00

0.09

2034

16.74

13.23

-3.51

19

-0.11

-0.00

0.10

2035

16.80

13.24

-3.57

----

-0.13

-0.00

0.12

2036

16.84

13.24

-3.60

----

-0.15

-0.00

0.14

2037

16.86

13.24

-3.61

----

-0.16

-0.01

0.16

2038

16.84

13.24

-3.59

----

-0.18

-0.01

0.18

2039

16.79

13.24

-3.55

----

-0.21

-0.01

0.20

2040

16.74

13.24

-3.50

----

-0.22

-0.01

0.22

2041

16.67

13.24

-3.44

----

-0.24

-0.01

0.23

2042

16.60

13.23

-3.37

----

-0.26

-0.01

0.25

2043

16.52

13.23

-3.29

----

-0.28

-0.01

0.27

2044

16.45

13.23

-3.23

----

-0.31

-0.01

0.29

2045

16.39

13.22

-3.16

----

-0.33

-0.01

0.32

2046

16.33

13.22

-3.10

----

-0.35

-0.01

0.34

2047

16.27

13.22

-3.05

----

-0.38

-0.01

0.37

2048

16.21

13.22

-2.99

----

-0.41

-0.02

0.39

2049

16.15

13.22

-2.94

----

-0.44

-0.02

0.42

2050

16.10

13.21

-2.89

----

-0.47

-0.02

0.45

2051

16.06

13.21

-2.85

----

-0.50

-0.02

0.48

2052

16.03

13.21

-2.82

----

-0.53

-0.02

0.51

2053

16.01

13.21

-2.80

----

-0.56

-0.02

0.54

2054

16.00

13.21

-2.79

----

-0.59

-0.02

0.57

2055

16.00

13.21

-2.79

----

-0.62

-0.03

0.60

2056

16.01

13.21

-2.79

----

-0.65

-0.03

0.62

2057

16.02

13.22

-2.80

----

-0.68

-0.03

0.65

2058

16.03

13.22

-2.81

----

-0.71

-0.03

0.68

2059

16.05

13.22

-2.83

----

-0.74

-0.03

0.71

2060

16.06

13.22

-2.84

----

-0.77

-0.03

0.73

2061

16.08

13.22

-2.86

----

-0.79

-0.03

0.76

2062

16.10

13.22

-2.88

----

-0.82

-0.03

0.79

2063

16.12

13.23

-2.89

----

-0.85

-0.04

0.81

2064

16.14

13.23

-2.91

----

-0.88

-0.04

0.84

2065

16.16

13.23

-2.93

----

-0.91

-0.04

0.87

2066

16.18

13.23

-2.95

----

-0.93

-0.04

0.89

2067

16.21

13.23

-2.97

----

-0.96

-0.04

0.92

2068

16.23

13.23

-3.00

----

-0.99

-0.04

0.95

2069

16.25

13.24

-3.02

----

-1.02

-0.04

0.98

2070

16.27

13.24

-3.04

----

-1.05

-0.05

1.01

2071

16.28

13.24

-3.04

----

-1.09

-0.05

1.04

2072

16.29

13.24

-3.05

----

-1.12

-0.05

1.07

2073

16.30

13.24

-3.06

----

-1.15

-0.05

1.10

2074

16.31

13.24

-3.07

----

-1.17

-0.05

1.12

2075

16.32

13.24

-3.07

----

-1.19

-0.05

1.13

2076

16.32

13.24

-3.07

----

-1.20

-0.05

1.15

2077

16.31

13.24

-3.07

----

-1.21

-0.05

1.16

2078

16.30

13.24

-3.06

----

-1.22

-0.06

1.17

2079

16.29

13.24

-3.04

----

-1.23

-0.06

1.18

2080

16.27

13.24

-3.03

----

-1.24

-0.06

1.18

2081

16.27

13.24

-3.02

----

-1.24

-0.06

1.18

2082

16.26

13.24

-3.02

----

-1.25

-0.06

1.19

2083

16.25

13.24

-3.01

----

-1.26

-0.06

1.20

2084

16.25

13.24

-3.01

----

-1.28

-0.06

1.22

2085

16.25

13.24

-3.01

----

-1.30

-0.06

1.24

2086

16.25

13.24

-3.01

----

-1.33

-0.06

1.27

2087

16.25

13.24

-3.01

----

-1.36

-0.06

1.30

2088

16.27

13.24

-3.03

----

-1.38

-0.06

1.32

2089

16.30

13.24

-3.06

----

-1.40

-0.06

1.34

2090

16.34

13.25

-3.09

----

-1.41

-0.06

1.35

2091

16.36

13.25

-3.11

----

-1.43

-0.07

1.37

2092

16.39

13.25

-3.14

----

-1.45

-0.07

1.39

Summarized Estimates

Proposal

Change from Current Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

2017-2091

16.12%

13.82%

-2.30%

2034

-0.55%

-0.02%

0.52%

1 Under current law, the year of Trust
Fund reserve depletion is 2034.